Would You Buy This Stock?

By: readtheticker | Wed, Aug 31, 2011
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Thinker

Some stocks are true wealth builders. In truth you only really know if the stock is true wealth builder when there is a 5% to 15% sell off. When this happens it is your chance to see the buying frenzy, once you see that you know the stock float is in demand. Question is, now that we have just had a pullback of 16% in stock market, would you buy this stock??

When a stock behaves like this below, any system works, I mean anything you can dream up. When in fact the only system you need is 1x1 Gann angle drawn correctly on the chart, with the correct scale and a true understanding of the fundamentals that make the stock attractive.

Once you have a stock like this why, bother with the rest??

We expect this stock to bounce, but with all that is going on in the market, stops must be used as a break of the 1x1 angle would not be nice.

Just had an idea, start a investing approach where all your stocks and ETFs are on the correct side of the 1x1 Gann Angle. Sign up to readtheticker.com and get started!

DTG

 


 

readtheticker

Author: readtheticker

readtheticker
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We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/